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2
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Economy / Economics / Re: How do you deal with financial stress?
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on: September 24, 2023, 05:34:24 PM
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The real estate market is highly inflated and most likely to bubble in the near future which will bring down the costs of rent but it may not act as a solution for your condition as of now, you need to compromise comfort and just get into where you can afford and also find the job as soon as possible to survive. If its still out of hand then just sell any asset you have to ease of the stress.
Changing the career path is not easy either so you may need to work hard as well and act smart to grasp the opportunity, for now, you can look for jobs in which you can side with your primary job and this is the internet era you can make money just if you have smartphone and internet and of course, saying is easier than doing it but just to remind you that you can go through the hard days too.
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3
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Economy / Trading Discussion / Re: KYC matter?
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on: September 24, 2023, 12:10:11 AM
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I am not sure anyone mentioned about this but there are some exchanges that will give access to deposit addresses only after you complete your KYC which is a really good thing in my opinion cause if the user can't able to do KYC then he won't lose any money at all but it's not the same on every exchange where most likely you will be restricted to withdraw as many others said until you complete KYC.
There are very few no KYC exchanges left but even on them you will be restricted from a lot of things like low withdrawal limits, won't be able to deposit fiat, can't access more trading like futures and derivatives.
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4
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Economy / Gambling discussion / Re: [Warning] Don't share your casino account!
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on: September 23, 2023, 06:24:25 PM
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I recently received multiple PM on my Telegram account that offers profit sharing for placing bets on their behalf. They probably see my thread Betting significant amount and assume I'm a whale gambler(FYI I'm not whale gambler). They are offering a huge money to bet on your account then they will give you a commission. Sounds interesting right? But the danger in this deal is you might be connected to the match-fixing syndicate which will jeopardize your integrity since you KYC already on the casino if you are betting a significant amount like me. The worst is you might be flagged as a money launderer once you connect with them and accept money as payment. I have a very bad experience in regards to being connected to a launderer due to P2P on the exchange so I decided to create this warning thread for the fellow gambler. Never share your casino account to anyone here especially those so-called whale bettors because you might be connected to whatever shit they are doing illegally. I can sense it is nothing but an attempt to launder the money if the offer is legit but do you think they are actually going to send you money to bet? Because there are still casinos that offer no KYC as mandatory it won't be that hard to buy ID from the darknet for very little money and use it to create multiple accounts. So I guess it also can be a trick to get access to your account in some way and who knows if you have any balance they will drain and flee. But I am kind of curious how many members from bitcointalk community received such offers or its only you. |
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5
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Economy / Exchanges / Re: Maybe we should be worried?
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on: September 23, 2023, 03:30:04 PM
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High numbers of BTC is moving out of the Binance exchange into their cold wallet, do you think we should be worried?
The amount moved so far is 6000+ and counting.
If there is something wrong then they won't be moving the funds to their known cold wallet address so I don't think there is nothing wrong with moving funds to cold wallet and this is what the purpose of cold wallets actually in the first place. I just counted it now, and so far the incoming BTC into that address is about 21,000 BTC and it seems to the wallet balance too at the time I write this post. 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6But on any day you shouldn't be leaving your crypto assets in an exchange wallet if you have no intention of trading in the near future. So just a reminder to say 'Not your keys, not your cryptos'. |
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6
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Bitcoin / Bitcoin Discussion / Re: How can third-world countries counter inflation using bitcoin?
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on: September 23, 2023, 08:06:14 AM
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Bitcoin alongside other cryptocurrencies has aided the economic development of many countries. Bitcoin is typically used for online transaction and businesses in third world countries despite widespread poverty, this is because people can easily connect to the internet and participate in the crypto economy in many developing countries such as India and continent like Africa have high cryptocurrency adaptation rate. After purchasing bitcoin through platforms accessible to their countries, bitcoin holders in third world countries can trade Bitcoin for profits or hold onto their tokens as an investment. Inflation which is characterised by devaluation of currency alongside increasing price of goods and services, this has made people to turn to cryptocurrency like bitcoin an asset that maintain its value over time to hedge against inflation.
People use bitcoin as a tool to counter inflation all over the world not just from India and Africa. I don't think most people are really using Bitcoin to make any change in their economic level but many individuals are taking this opportunity especially where the fiat value is highly unstable. What you are proposing is nothing but basic knowledge about investment so anyone who understands that the value of fiat depreciates due to inflation and has money to invest can make money usually middle class may have the knowledge but won't have money to invest which is not the same with bitcoin because here people can invest even very small amount every month so over the period of few years the growth and returns will be too big. |
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7
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Bitcoin / Bitcoin Discussion / Re: Could Satoshi have known?
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on: September 22, 2023, 06:50:15 PM
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Satoshi said this in 2010. I'm sure that in 20 years there will either be very large transaction volume or no volume.
So he kind of predicted what would be the outcome of Bitcoin if people accepted it but he may not expected that more people would be accumulating Bitcoins for investment purposes rather than using to for making payments and cutting the centralized entity as the middlemen. But Bitcoin is becoming inevitable year by year so this is good and going in the way that he would have expected. |
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8
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Economy / Gambling discussion / Re: Are no KYC casinos taking risks?
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on: September 22, 2023, 04:47:11 PM
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Some casinos still believe that not asking for KYC is cool, but it's actually not, I see casinos with no kyc as a red flag because you can't run your business this way without getting into trouble with regulators.
Casinos neglect identity check but little did they know that they can be fined for it, if fraud cases arise from your casino and it's been investigated, your business is going away soon or you pay up for fine. One, for failing to screen customers using the KYC process, two, for possible running of unregistered casino.
Do you think your casino can be regulated without the AML policy? The requirements says it's all, so is it possible that those casinos doing their no KYC stuffs are not even registered?
There are still legit gamblers who are not comfortable with giving away their KYC information to someone and its acceptable too cause data is the new gold so you can't simply go with the trust of a site that may exist only for a few years. Casinos can't operate if they are from the region where KYC/AML policies has become mandatory so casinos were forced to implement this rule in the first place even if they are against it but that is the situation so they are trying to survive with what they have and so for doing great as a sector. Still there are craze for very few trusted non-KYC casinos but most of them don't have any bonus system which most gamblers don't like so yes it's possible but they are on the verge of implementing the rule at any time. |
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9
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Other / Meta / Re: [TELEGRAM] Yet Another BitcoinTalk Notification BOT (merits, mentions, topics,+)
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on: September 22, 2023, 04:53:55 AM
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Once again, I received a notification of merit that I received yesterday. This happened exactly 5:59 AM Local time here, which is 11:59 PM UTC. I checked the notification twice and then checked the forum. Then I realized it was a glitch notification that I had received twice, and my merit count was also affected.
Today I received a similar notification. It was for the merit that I received yesterday and received it again today with an increased merit count which is not there when I visited the forum.   Used /setmerit command to manually adjust it to the correct merit count on the bot but I wonder am I the only one in this situation or anyone else? |
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10
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Economy / Economics / Re: Early Retirement [Pros and Cons]
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on: September 21, 2023, 08:00:43 PM
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The early retirement concept is misunderstood by most, cause they stop working once they reach a certain amount in their savings but it is supposed to be there are always sources of income even if they stop working which is passive income so even if they stop working their income will be still there which can be from anything which every individual has to pick up on their own.
But there is no retirement from the money, so if the incoming source stopped there is one day the savings will be exhausted sooner or later. People retired when their age reach to 60 years so the government do not allow such individuals because now they are not able to do any job but they have allowed some sort of money in the form of retirement fund as well as monthly income without doing any job. Retirement from the money is not possible because life without money is very difficult therefore a person must needs a pension or monthly income in any age of life. I saw many individuals who start another job when they retired because inflation is very higher to tolerate the expenses and a man itself can live simple life but he has to give all the necessary and comfortable opportunities to his children to sustain better life. Pension funds is like pocket money which can be used on something but it is never going to be enough for everything. And in this modern era, most companies don't even give job security so forget about the retirement funds that is why we should prepare ourselves for our retirement. Born being poor is not your mistake but if you are poor when you die then its a huge mistake and we are in complete control of what is going to happen in the middle so let's make it work. |
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11
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Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary
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on: September 21, 2023, 06:09:14 PM
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Your salary is never going to be enough even if you got an appraisal the purchasing power of that fiat is actually decreasing which means you can only meet certain needs that you have even with more money that is why investments can make your life changes.
Bitcoin is good for investment but just focus on the investment part here cause 90% of working-class people live their life from paycheck to paycheck so they literally have no idea about savings and the future, all they focus on is current and influenced by the media and become a prey for this consumerism.
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12
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Other / Beginners & Help / Re: Help a newbie!
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on: September 21, 2023, 04:19:59 PM
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I really want to learn the basics in cryptocurrency and would need guidance from expert from this forum.
If you want to learn everything about cryptocurrency then you can just use this Beginners & Help Encyclopedia by Ratimov. What I need particular is a verified YouTube channel I can get an updated crash course crypto, books, website and any material or post on this forum that can give me proper guidance as a newbie. There is no such YouTube channel available and if someone says so most likely they will ask you to join their paid subscription to continue for that they mostly will give a crap which you can learn on your own if you spend a little more time on your own in this forum. There is a dedicated board for Trading Discussion in this forum where you can ask and learn anything about crypto trading. |
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13
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Other / Beginners & Help / Re: Preparing for opportunities
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on: September 21, 2023, 03:55:47 PM
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Participation in a forum like this shouldn't solely revolve around the pursuit of merits and ranking up. If someone's primary motivation is to accumulate these then, they may be missing the essence of the community. Instead, it's more meaningful to be authentic and view this platform as a valuable opportunity for personal growth and learning. Engaging in discussions about cryptocurrency, money, blockchain, and related topics allows individuals to expand their knowledge and expertise over time.
When you genuinely contribute to the community by sharing insights, asking thoughtful questions, and engaging in meaningful discussions, your efforts are likely to be recognized by fellow members. Merits and other forms of recognition will naturally follow as a byproduct of your authentic engagement. This approach benefits not only the individual but also contributes to the overall improvement of the Bitcoitalk community as well.
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14
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Economy / Gambling discussion / Re: Can i have multiple accounts at the same casino?
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on: September 20, 2023, 05:56:34 PM
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You can't. Because your account contains your personal and banking information and the casino allows only one customer account registration to ensure your security. So it is foolish to try this because it may get your account banned so you should use an account to keep your fund safe.
Yes, you can, if the casino has no terms against multiple accounts. No, you can't if the casino terms say one account allowed per person or per household or something like that. So the answer depends on which casino you are playing with, if you don't know whether the casino allows multiple accounts then you must have skipped the ToS reading part while agreeing to it. |
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15
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Economy / Economics / Re: Early Retirement [Pros and Cons]
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on: September 20, 2023, 04:17:25 PM
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The early retirement concept is misunderstood by most, cause they stop working once they reach a certain amount in their savings but it is supposed to be there are always sources of income even if they stop working which is passive income so even if they stop working their income will be still there which can be from anything which every individual has to pick up on their own.
But there is no retirement from the money, so if the incoming source stopped there is one day the savings will be exhausted sooner or later.
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16
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Bitcoin / Bitcoin Discussion / Re: Please review my inheritance strategy
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on: September 20, 2023, 06:23:33 AM
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Hi everyone,
I'm uncomfortable with doing anything too complicated because outside of our ecosystem anything vaguely complicated is intimidating and I want it to be simple.
So here it is.
1. Write down my 24 word seed phrase sorted alphabetically and give it to my partner or anyone else
2. Put the numerical index of the order of this into a deadman switch which will be sent to them if I fail to respond for my chosen period / times.
I believe this is secure but wanted to get many other opinions to be comfortable before I commence it.
Thoughts...?
Thanks!
It is simple but it can be problematic if the other party fail to crack what you assigned them to do so your savings will be buried there forever so why not opt for multi-sig which can be useful, especially for inheritance purpose? There are many paid versions available on multiple wallet platforms but if you still prefer the decentralized way then just go with 2 of 3 multi-sig keys and share one with another and one for you then the remaining one goes into the bank vault or someplace like that. |
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17
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Economy / Service Discussion / Re: Notable apps that can accept BTC for premium subscription packages.
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on: September 20, 2023, 01:24:45 AM
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There are not many places where you can spend BTC as a mode of payment due to government regulation but if you can see a gift card payment option on any app then you can simply use BTC to buy the gift card on a platform like Bitrefil and then use the gift card as payment to buy a premium subscription. Take a look at Where to spend Bitcoin? by Ratimov to know where you can use crypto for getting services and many other stuff. Theirs many applications that allow bitcoin running to their app and also many Internet stuff do allow bitcoin buying and bitcoin selling, so therefore many people can on their own make a payment or receive a payment through bitcoin from my perspective, bitcoin is something I know very well numerous applications right now can accept bitcoin for payment, in the aspect of a gift card I know very well that gift card buy it you can use a bitcoin As of now, I don't have any apps on my mobile that have BTC as payment mode so even the numerous is not enough to cover what we use every day so still bitcoin is some kind of exclusive available on a limited number of platforms but I wish I see it on everywhere when I am about to make a payment and we are still a long way to go. For now, the only way is to purchase a gift card with BTC and make payments on your favorite apps. |
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19
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Economy / Gambling discussion / Re: Can Gambling affect your relationship?
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on: September 19, 2023, 06:30:02 PM
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Yes, Gambling addiction has strained a lot of relationships through financial instabilities emotional turmoil, social isolation, and family problems. Gambling which was meant to be a popular kind of entertainment for many and was designed to provide a temporary escape from everyday life and also help one to be more observant mentally task your brain and it is also good for your mental brain. When it becomes an addiction it causes financial strain the strain can manifest in various ways including the loss of shared savings, debt accumulation, and financial secrecy which may lead to strained communication between partners. This communication breakdown can prevent couples, friends, and associates from working together.
Well, here the root cause is lying and lack of transparency with your partner about activities that will harm the relationship when the truth is exposed and this is the same even if we remove the gambling from the string and attach another thing to it. So gambling affects you? No, unless I am doing it beyond my limit and hiding it from my partner or family and keep taking loans to chase loss which will accumulate as huge debt in no time. |
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20
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Economy / Economics / Re: X (formerly Twitter) may be telling people like me to exit the platform
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on: September 19, 2023, 04:42:12 PM
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I don't think he is going to implement such a fee for every user because he already knows what the blue tick mark subscription fee backfired, so it is just speculation on the market or if he is really going to implement then imagine this would be the revolution in the social media platform and there is no surprise if other platforms follow the same cause every platform is filled with bots and multiple accounts and already Instagram implemented one-time fee for verified. |
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