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1  Economy / Speculation / Re: Would it be foolish to take out a crypto loan at this stage of the bull market? on: May 12, 2021, 06:33:22 PM
Will the loan have interest or will it increase when you payed it past due? If yes to the both then I would suggest that you shouldn't be taking out loans because the prices are really on a limbo right now to consider doing a loan to get more bitcoin, maybe if it is your money there will be no problem and always remember that loans aren't your friend, they were loaned to you for a reason.
I want to know what do you borrow Bitcoin for while the crypto market is bullish? If you want to make more money, there are many ways. When borrowing you must clearly understand:
_ You have to pay interest regularly every month.
_ When the Bitcoin market drops you still have to pay the exact amount you borrowed initially.
_ You will have trouble paying the loan overdue.
2  Bitcoin / Mining / Re: Is BTC mining still profitable? on: May 12, 2021, 06:24:17 PM
Guys, is BTC mining still profitable?

I am beginner, och would like to start mining in small scale (in my room).
Of course, mining Bitcoin will bring you profits. High or low profit depends on how many Bitcoins you gain. But you pay all the costs before there is a profit like:
- Mining equipment purchase fee
- Equipment maintenance fee
_Operation fee includes electricity, internet, etc
_ Risks of other external factors (e.g. additional costs, increased electricity charges, etc.)
3  Other / Politics & Society / Re: Do not trust everything you see in the internet on: May 12, 2021, 06:09:26 PM
That's right, we shouldn't trust everything on the internet. Currently, there are many forms of advertising, disguises, scams, like sentences happening on social networks. Therefore, it is necessary to verify from many different sources. Please research any issues thoroughly before officially starting. Only then will the work be successful.
4  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: May 11, 2021, 11:16:59 PM
Of course I trust the COVID-19 vaccine. Fortunately, we are all fully vaccinated for prevention.
The COVID-19 vaccination is an important tool to help prevent the COVID-19 pandemic.
But you don't have to be vaccinated and you won't get sick, so you need to protect yourself.
5  Economy / Economics / Re: Year 2021-2022 will be very Good and very Bad. on: May 11, 2021, 10:59:21 PM
What's it gonna be then, good or bad, you have to choose which one it's going to be. If you invested in something that is definitely going to go up in prices in the future, I am pretty sure that you will be safe from a financial catastrophe that might happen.
Can you tell which sector investment will definitely increase in price in the future? I think the world economy will be hit hard when the covid19 epidemic continues. We can hardly work to make money. Is there a safe career to make money? My life is very difficult right now because of lack of money. I hope Bitcoin will help me get out of the financial disaster.
6  Economy / Economics / Re: If we have crypto Why people still buy stocks? on: May 11, 2021, 10:52:58 PM
Why people still buy stocks?
If with crypto much bigger profits *
3% daily gain is nothing If you can get 100% profit with Good coins pump.
How the Hell people Even get rich with stocks with so small profits? 

Besides investing Bitcoin, a lot of people invest in stocks. You want to know why they have Bitcoin and they still buy stocks? That is a very normal thing. Each person has their own interests, strengths and abilities. Moreover, stock investment is very simple, regardless of whether you have a large or small amount of money, you can immediately start to choose good stocks, buy and save to make a profit. In particular, this is a prestigious investment field long before Bitcoin.
7  Bitcoin / Bitcoin Discussion / Re: Safest way of long term holding on: May 11, 2021, 12:02:23 AM
I am considering holding Bitcoin for the long term. I have learned a few basics about the blockchain and BTC mechanisms, but still unable to find a complete guide on how to safely store bitcoin.

1) How to generate a private key safely? Online tools are obviously undesirable as they might keep a back door on all keys generated. Similar reason for any library or packages even they operate offline (I cannot check if these keys generated are in fact following some predetermined sequence).

I can use a random number generator on an offline PC. But I am not a real 'hacker' and have concerns on whether any programming language can produce truly random numbers that cannot be reproduced (or say predicted) on another PC. They might all rely on some external factors (such as time) which greatly reduce the possible key generated and make brutal force algorithms possible.

Currently, I can only think of throwing dice for key generating but that cannot scale.

2) I do not want to use any 3rd party software as a wallet. Suppose I just store my private key on a piece of paper and later transfer coins into it using exchanges. Would that be a valid transaction and allows me later to spend these coins? Is there anything else I need to store together with the private key (like the hashed transaction number in transaction_input in the blockchain? ScriptSig?) I really want to avoid 3rd party software because it might be obsolete in the future and data can be degraded. (Say if I use some sophisticated cold wallet, I may experience hardware degradation in  10 yrs, no one at that time used this software, programmers 10 yrs ago cannot be reached, and any trick in coding or encoding in the original version becomes obsolete. I would be a consumer rather than an investor of BTC...)
 
Any advice?
It is a good idea to hold Bitcoin to wait for the right moment. If you held Bitcoin 10 years ago until now, then you are already a billionaire. Keep your Bitcoins in a secure wallet to avoid account theft. The way I usually keep my money is by using a secure system.
8  Economy / Economics / Re: EFFECTIVE INVESTING STRATEGIES on: May 09, 2021, 07:33:24 AM
To be successful in all fields, you need an effective investment strategy. Can someone help me find out the best Bitcoin investment strategy? I still have an emotional, indecisive and difficult to succeed. I often depend on market luck. I feel that I do not have the right investment strategy.
9  Economy / Economics / Re: Are you aware of Shrinkflation? on: May 09, 2021, 07:20:01 AM
Have you already percepted how products and services are suffering changes in their prices? Oh, but it's normal, it's inflation, the market demand, etc.
By this point that's allright! Although, recently, not only prices have called our attention, but the fact that they are disproportionate to the amount, content, time, weight, size, etc, anyway, services and products have being modified deliberately. We could say widely opened adultered to profit more by spending less to produce or serve. Despite customers receive less, they are paying more cause the price is readjusted due the human perception in relation to the label, fact which explore mass products and services, taking advantage mainly of the ones who have mathematics quantitative difficults, that are the great part of the consumer society.
Would it be the dark side of Free Market?


I know shrinkflation is the process of shrinking items in size or quantity, or even sometimes changing the recipe or reducing quality while the price of the item above stays the same or increases. In other words, it is economic inflation. For example, before, a mask sold for a very cheap price. When there was a translation of covid19, the sellers pushed their masks up very high. Chili traders are buying, suddenly stop lowering the price of strenuous people...
10  Economy / Economics / Re: US economy is booming, but people are not seeing it. on: May 09, 2021, 06:51:00 AM
US economy is finally booming and it is a big relief for all of us, but in a worrying sign people are yet not seeing that boom, and this makes me wonder what happens if the general masses can’t feel the boom, will the US economy once again slip downwards?.

Furthermore what do you’ll feel is the key reason why people are missing seeing this boom in the economy, and I have read several reasons in the media but if someone has some personal perspective then please do share it.

Source:

https://edition.cnn.com/2021/05/03/economy/jobs-economy-covid-biden/index.html
According to local news, the US economy is booming. Thanks to huge economic stimulus, the boost to Covid-19 vaccination and the reopening of the economy accelerated. This is a good sign for the United States. It proves that the people of this country are very good at preventing epidemics. Their lives returned to normal, incomes increased and people spent more. Other countries should also learn.
11  Economy / Economics / Re: Bitcoin vs Agriculture on: May 09, 2021, 06:41:24 AM
Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.
Bitcoin and agriculture are two completely different fields. You may be an agricultural engineer who is good at farming, breeding, but not sure that you are good at Bitcoin. This is an investment area that needs high capital and is quite risky. But if it succeeds, it will bring you huge profits. If you want to participate you must learn carefully about the cryptocurrency market.
12  Economy / Economics / Re: Covid virus 2021 on: May 09, 2021, 01:00:19 AM
March 2020 when covid virus spread in our country that caused a couple of months of a total lockdown. Many people lost their job and others are now investing in crypto and joining some campaign just to earn money and continue living. Last month of March this year 2021, finally, there are already a vaccine and many Frontliner's are now vaccinated.
But why this time the number of Covid positive in our Country are increasing with new variant of Covid Virus? It seems that this pandemic has no end...There is also another lockdown. It's so sad and difficult!
What will happen to us and to our economy?
Do you think this virus will not stop?
What about in your Country?

I think now, much better to stay at home and focus on crypto rather than trying to find another job which is very impossible at this moment.
It is terrifying that the translation of covid19 has resurfaced. It becomes dangerous and spreads quickly. I think a lot of money can't do anything if you die. The important thing now is to take care of your health, perform antiseptic, avoid crowding, eat well, exercise and sports.
13  Bitcoin / Bitcoin Discussion / Re: Investing in bitcoins for future kids on: May 09, 2021, 12:55:51 AM
    As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
     Need your thoughts on this tho'...
Investing in Bitcoin for your kids of the future is like buying life insurance for your kids. This is not a good project you should not do. Is there no guarantee what it will be like over the years? Will you profit or lose? Don't bet your money for too long. Should consider carefully! Wish you good decisions.
14  Bitcoin / Bitcoin Discussion / Re: Crypto kings and queens: Who are they? on: May 09, 2021, 12:49:51 AM


Hello, crypto fans

We all know Satoshi Nakamoto. But the cryptocurrency industry would be nothing without its innovators who have worked hard to turn it into a success.
These people have fostered the popularity of cryptocurrency and are one of the reasons why it’s so widespread around the world.

Thanks to them, the world has Bitcoin and other cryptocurrencies, as well as a plethora of innovations in the form of digital assets, platforms and systems.
Not only that, these cryptocurrency trailblazers continue to drive the crypto movement towards mainstream finance adoption and other developments.

The crypto industry is yet to reach its full potential. You never know what new innovations will be made to improve it,
but you can rest assured that the best minds are on the case. Keep reading to learn more about some of the most influential people in crypto:

Changpeng Zhao: Founder of Binance

Changpeng Zhao, also known as ‘CZ’, is the CEO of the largest cryptocurrency exchange in the world.
After studying computer science at McGill University, CZ began to work in the financial and technology sector.

His extensive experience in the industry includes being a developer for trading software and a technology officer for OkCoin.
However, the real magic began when Zhao founded Binance in 2017.

Binance first started out in China then soon expanded to countries like Japan and Taiwan as their success continued to grow.
Trusted by millions of users worldwide, the exchange continues to be a trailblazer in the industry.

Today, Zhao continues to dedicate his time and effort into Binance and its growth. It maintains a steady flow of demand despite being
one of the oldest crypto exchange platforms. Meanwhile, its native token BNB coin is also gaining traction in the market.

Vitalik Buterin: Founder of Ethereum

Known as the great mind behind Ethereum and Bitcoin Magazine, Vitalik Buterin is undoubtedly a household name in the crypto world.
At a young age, he was already drawn to technology, maths and economics.

In 2013, he proposed a whitepaper that plotted his plans for the Ethereum platform and cryptocurrency, which was then launched the following year.
Since then, Ethereum rose through the ranks and is now one of the best cryptocurrencies in the world. With a market capitalization of $249 billion,
it maintains its place after Bitcoin.

Brian Armstrong: CEO of Coinbase

Brian Armstrong is well known in the crypto industry because of his opinions regarding different issues and controversies in the crypto sphere,
as well as suggestions on improving it. Some of these include his clash with the Trump administration in 2020 and his words of wisdom to crypto
beginners about getting started in the industry. Armstrong started his career as a software developer and engineer for companies like Airbnb and IBM.

Upon acquiring $150,000 worth of funding in 2012, Armstrong used it to launch Coinbase. It soon became one of the most sought-after crypto exchanges
worldwide with more than 43 million users. Today, Coinbase is the first and only cryptocurrency exchange that has filed with the SEC to go public.

Joseph Lubin: Founder of ConsenSys

Born and raised in Canada, Joseph Lubin grew to pursue his passion for finance and computer science. After graduating from Princeton University,
his career slowly took off until he became the COO for EthSuisse, where he worked on the program-storing capabilities of blockchain.

Soon after, Lubin was invited by Vitalik Buterin to be one of the co-founders of Ethereum. He contributed to improving ETH through blockchain programs.
However, he is most known for founding Consensys in 2015. ConsenSys is a production studio dedicated to software and applications that are designed
to run on the Ethereum blockchain.

Amiti Uttarwar: The first woman to contribute to developing Bitcoin Core’s underlying code

In the cryptocurrency industry, female names are rarely heard of. However, this all changed when Amiti Uttarwar, a Bitcoin Protocol Engineer for
Bitcoin Core became one of the first women to contribute to developing its underlying code.

Uttarwar started her career as a developer who was proficient in dozens of coding languages. This gave her the opportunity to work with big names
in the crypto industry such as Coinbase.

Moreover, her career took off in Bitcoin Core where she became the first woman to contribute and gain funding to work on the software.
Aside from this, she also mentors other aspiring professionals who are looking to start a career in the industry as well.

Pavel Durov: Creator of privacy-focused messaging app, Telegram

Who would have guessed that a messaging app would be able to contribute to the crypto world? This is exactly what Pavel Durov,
the ‘Mark Zuckerberg of Russia’, did when Telegram was launched in 2013.

Durov believes everyone should have access to private communication. With the help of his brother, Nikolai Durov, the application soon became
a popular platform for crypto enthusiasts. Telegram became a gathering hub for crypto enthusiasts because of its privacy features.
It also supports news channels for crypto, as well as updates on crypto trading signals.

Brad Garlinghouse: CEO of Ripple, the 4th best cryptocurrency in the world

Garlinghouse specialises in financial technology and has worked for notable companies like AOL and Yahoo!
In 2015, he joined the Ripple team as COO and was promoted to CEO the following year.

Although the company has had its fair share of problems, especially with the latest SEC lawsuit, Garlinghouse remains positive.
The company has since bounced back and maintains the 4th spot of the best cryptocurrencies in the world.


These crypto kings and queens along with countless others are the reason why the cryptocurrency industry continues to break barriers and grow in popularity.
Public demand has risen and it’s all because of the technological advances and initiatives that stemmed from these experts.


Thanks for reading and you are welcome to share your thoughts.
Who else would you like to point out?

Regards,
Karl from Bitcasino
Who do you idolize in the crypto world. Who deserves to be king or queen in this field? Depends on your point of view. And I love Joseph Lubin - Former Canadian Goldman Sachs employee Joseph Lubin, is the co-founder of the Ethereum blockchain platform. He also founded ConSenSys with 600 employees in 28 countries around the world specializing in supporting crypto companies and consulting companies like Microsoft. He is a very good man. He has an estimated virtual currency: 1 - 5 billion USD.
15  Bitcoin / Bitcoin Discussion / Re: My feelings after 11 years with crypto. on: May 09, 2021, 12:42:37 AM
Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Please share your sadness. I understand how you feel because I have experienced it just like you. Do not be discouraged if you continue to invest in Bitcoin I believe you will be successful. I have success and failure also. Thanks to Bitcoin investment, I have money to repair a new house, send money in the bank and spend it comfortably. But sometimes I also lose money without a CD. But to this day I still thank my friend for leading me into the world of crypto.
16  Bitcoin / Bitcoin Discussion / Re: Can bitcoin be hijacked by world billionaires??? on: May 06, 2021, 09:49:33 PM
Yes, Bitcoin can be appropriated by the world's billionaires. They have money so they boldly buy in and wait patiently when bitcoin goes down without fear. After each price drop, Bitcoin skyrocketed, and they quickly got rich. Famous billionaires such as brothers CAMERON AND TYLER WINKLEVOSS, Mr. MATTHEW ROSZAK, Mr. TIM DRAPER, Mr. MIKE NOVOGRATZ.
17  Bitcoin / Bitcoin Discussion / Re: When you heard about Bitcoin vs. When you first used Bitcoin on: May 06, 2021, 09:34:57 PM
How long did it take you to jump on the Bitcoin bandwagon?

I first heard about Bitcoin in 2009
I first used Bitcoin in 2013

Took me 4 years!

What about you?
I first heard Bitcoin in 2010 but I have no intention of investing. Until 2017 a friend of mine got rich quickly thanks to Bitcoin and shared his experience with me. It took me quite a long time 7 years. That makes me regret why I didn't know and invested Bitcoin earlier. Since then, it has been 4 years since I entered the world of money to crypto.
18  Economy / Economics / Re: The Modern Mode of Payments on: May 06, 2021, 10:24:04 AM



FIAT (Coins) --->  Electronic Money (Gcash, Paymaya, Paypal, etc...) ---> Digital Currency (Bitcoin, Ethereum, BCH, XRP, etc...)

Due to the spread of the Covid-19 virus in different countries, people have become aware that many viruses can be obtained from fiat money. That's why in our Country suddenly dropped the percentage of users of fiat money especially coins. And because of locked downs, people are just stay at home. So, they start their works online and also making transactions online, buying and selling online and instead of paying a cash money, they use electronic money for payments or even sending money for their love ones. Also, through this pandemic many people start using cryptocurrency where they can earn money as another source of income. So, making transactions outside is really difficult nowadays, but because we have a lot of modern types of mode of payments, no need to worry about that. We can make transaction easily just by using your phone, computer and other gadgets, with fast transaction, safe and hassle free because you just make transactions while stay at home, and away from VIRUSES. From Fiat money, we use electronic money and now digital currency is available to be used anytime. If we have friends who don’t know about digital currency, we can help them understand and learn about it so that they can use it as well and at the same time we can help the demand of bitcoin and other digital currencies to increase.
That is very good! Cryptocurrencies meet the needs of people in complex evolving situations everywhere. We can trade and pay with Bitcoin. No need to work but Bitcoin investors still make money. People are worried about shutting down companies, restaurants and hotels. You will be unemployed, stay home, and make no money. Then invest in Bitcoin to make money.
19  Economy / Economics / Re: The change in buying and selling in society is the effect of the internet on: May 06, 2021, 10:15:56 AM
The way things were done in the past have changed from what it is. In the area of buying and sell especially, you can stay in your house and do all your shopping all because of the availability of the internet. Before this time, the internet was majorly used for sending of email and other short and non elaborate internet activities but all that has changed to real marketing online.
This has changed the economic system in no small extent that people prefer not to go to the market physically but go stay back home and in there comfort do the buying and selling.

Is the internet making people lazy or what do you think?
I think differently from you! The advent of the Internet made the world change. In the past, people who wanted to shop for anything had to go directly to markets, shops, and supermarkets. Now in the modern age - the era of technology 4.0, just stay at home with a phone or computer connected to the Internet to buy everything you need. It saves you time. So online business is very developed. Society now only needs money to shop at home.
20  Economy / Economics / Re: “You don’t spend money now, you can’t spend after you died” on: May 06, 2021, 10:08:36 AM

It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!
Right! Life is hard to know before tomorrow. While we are living in fluid settling covid19 will come. Everyone will die! So if you don't spend money now, you can't bring it to death. Now eat as much as you want if you have a lot of money. Bitcoin is very expensive so you can sell it to spend and buy what you like. I also want money to spend comfortably. But I don't have much money.
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