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841  Bitcoin / Bitcoin Discussion / Re: I rather stay hungry than sell my Bitcoin on: August 25, 2021, 08:22:05 PM
It will be nice if every cryptocurrency invest will have this thought but it the opposite because it not easy for a common man who barely find a solution to his need. The best way not to say hungry and also not to sell all holding is to set a certain ratio that will sent to a watch only wallet which will be use for long term investment.
842  Other / Beginners & Help / Re: Saving Vs Staking on: August 20, 2021, 09:53:58 PM
As for me, staking is more preferable when it comes to long term investment of like 10yrs to 20yrs, because you stand the chance of gaining an annual interest on your actual bitcoin. Which platforms like Nexo offers 6% annual interest, compared to others. And am also sure Binanve offers staking feature, but not sure of it's rate..

It's easy to say that staking is great if you look at the numbers alone. 4-6% on top of asset value increase? It's a no brainer, right? No. Because you're going to risk handing over your funds to a centralized business. I'm in no way going to be comfortable with that.
Agreed about the centralization of staking method was the major reason why a true crypto enthusiast will choose holding over staking but Sovryn seems to offer to stake in a decentralized way though I haven't tried it out.
843  Other / Beginners & Help / Re: Can lean investor become rich in Bitcoin on: August 20, 2021, 09:05:40 PM
The journey to become rich through Bitcoin is not an easy task at all.
Thats because every great opportunity comes with a great task.

It so hard for the category of persons who are not financially buryant , especially when volatility takes place in the market, it's as if all hope is gone, you don't even know where to start from.
It will be hard only if people who are not financially buoyant don't think outside the box, I could remember when uniswap did their airdrop a lot of people sold their token and I am sure those that choose to stake theirs on Uniswap or hold it are happy now.

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️
By learning new things, offer service, and get pay in BTC etc
844  Economy / Trading Discussion / Re: Small capital and Big capital on: August 20, 2021, 08:44:42 PM
Trading and investment is a game of numbers and moreso how to use the numbers judiciously while properly applying the knowledge. Some people say small capital is the best to start trading with while others say small capital will leave you with limited choices that the best is to trade with big funds. Starting with big fund will always be the best provided the user is able to manage it. So many things are connected but I conclude that big capital is good but a good trader can work with small and big funds and make profits with it. Let me hear your opinion on this!
I just tell people that it goes down to how much they can afford. That I am using an amount that might seem small to you doesn’t mean that you’re also going to make use of that same amount, you can decide to be making use of huge amount of money to be trading.
No, it goes down with the level of their knowledge and amount they can afford to lose but it is never a good idea for crypto investors or traders to copy the amount someone invested. However, small or big capital is not important and what's important is making a profitable investment.

845  Alternate cryptocurrencies / Altcoin Discussion / Stellar wallet existing user or older on: August 20, 2021, 07:29:14 AM
If you're a native Stellar wallet existing user or older, there's a free AQUA token airdrop going on the right which you can sell or hold if you want.


Aqua is a new token created on the Stellar network and it was said to be designed to supercharge trading on Stellar, bring more liquidity and give control over how it is distributed across various market pairs.
I will advise you to check the email you use to register the wallet and if you receive an email showing the screenshot below it means they have sent you your free airdrop but you need to claim. Login Stellar wallet go to pending transactions select the first sent airdrop token and claim it but if you don't know how to do this, click email link sent to you but I will advise you to log in to your wallet through the direct link before clicking on the airdrop claim link in your email just to be more careful.



If you don't have enough XLM in the wallet you cant claim the airdrop token and the airdrop has 5 phase which was scheduled from the 16 of August, 16 of September till Jan 2022 but you need to make sure you claim this airdrop token before the expiry date.


If you don't get the airdrop, go to this https://aqua.network/ and check if your Stellar wallet is legible for other Aqua airdrop.


Note: I don't know if every Stellar wallet is applicable to this token but I got it through my native Stellar wallet used since 2019.
846  Economy / Trading Discussion / Re: Mobile phone vs. laptop vs. tab...what's your preferred device for day trading? on: August 18, 2021, 09:45:44 PM

If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?

Day trading isn't about having all the time in the world to keep looking at the trading windows and that is why mobile phone is the best this time around. You don't need to seat at home in front of monitor or desktops because you are trading, even laptops are fading away and mobile phones have rightly taken over , you can do everything with mobile phones while trading. You just need a more tech phone and you enjoy your trade from anywhere.
Just as the saying "crypto never sleeps" which is the common slogan of cryptocurrency day trading and if you're used to how they operate or know someone thats do it, you'll know that they spent almost all their time checking the chart and that's the reason why a crypto traders correction centre was established in the UK.


Not me, but I know a few "experienced" day traders — just desktops and laptops with multiple monitors. Though they use their phones to check out the charts when they're out and about(when we're out to dinner or a night of drinking), 99.9% of the trades occur on their Windows/Mac devices.


The type of trading that you spend more time on desktops, laptops or monitors can make trading very boring. That was the beginning of trading when very fast smart phones were still not out, expensive and far from the reach of newbie traders and traders who were still struggling. But you can see in your post too that with mobile phone, you can check chart, analyse trade , interchange trading pairs and do everything done with desktops including making orders.
To my understanding, the use of mobile phones happened when the trader was out as said by mk4 but they use a bot to execute 75% of their trading when on mobile or does some few update.
847  Other / Beginners & Help / Re: What motivates you to start investing in cryptocurrency? on: August 16, 2021, 02:50:21 PM
I like trying new things and I'm the type of person that doesn't want any window of opportunity to slide me by but the story of people like Erik Finans, the Norwegian man that invested $27 in Bitcoin which later turned to thousands of US dollars are what motivated to start to invest some penny into crypto.
848  Bitcoin / Bitcoin Discussion / Re: Argentine President sees no reason to oppose Bitcoin adoption on: August 14, 2021, 10:13:42 PM
This an interesting news and all thanks to El Salvador (which open the eyes of the federal government that Bitcoin is not a threat)and the IMF Boss which advised the government to create their own CBDC because crypto is the future of currency and payment.
If countries like Argentine that had hyper-inflation use Bitcoin and their upcoming CBDC as legal tender it will boost their economy.



849  Economy / Economics / Re: Can blockchain replace the traditional banking system? on: August 14, 2021, 09:10:35 PM
I think it can, it's like a public ledger for all the banks and we can see the people there in forms of blockchain addresses and it's easier to check for irregularities if it's public or the transactions are permanently recorded in the blockchain.
Didn't think about it that way but the blockchain system could be a deterrent for fraud and other shady stuff being dealt in banks since it can be seen by anyone. At first I didn't agree with the thread of the possibility that it can replace blockchain but it seems that your point does make sense.
Blockchain has the potentials to complement the traditional banking system, but its been replacement is what I don't see happening due to the centralization of the government and blockchain will also hinder them from making an illicit transaction of moving of funds just like they do with fiat currency.
It is too early to say what will happen within the traditional banking system but I am sure they will have their important document/file saved on the blockchain.

More glorious days are ahead of crypto currency!
850  Economy / Trading Discussion / Re: Always pump after sold holdings. on: August 14, 2021, 08:43:20 PM
The market tp experience pump in price after selling holdings happened to every investor at some point but since it happens to you most of the time I think you're not checking the market condition before you sell is the reason for this and I don't think you should be bothered by it though since you don't sell at a lost price.
851  Other / Archival / Re: Another Motivation for Novice Crypto Investors on: August 14, 2021, 08:17:54 PM
The calculation the OP did remind me of what read on Yahoo finance which says "Bitcoin is the best performing asset of the decade"

This is the fact novice crypto investors don't understand about this market which also makes me ask myself how did people make the lost they complain about when they can make a profit just by holding their coin when the market is dumped till when it will be green.
852  Economy / Speculation / Re: Bitcoin ratio of supply on exchanges hits 6 months low on: August 14, 2021, 03:08:19 PM
I just remembered I created this thread at the beginning of last month, explaining how it is possible Bitcoin will not hit lower price but possible to increase, it all happened the way I predicted. I have noticed about the exchange inflow and outflow to affect Bitcoin price. Like I predicted that time, based on decrease in exchange infow that reached 6 months low. This may not be the only factor responsible for the price increase, but I have noticed if there is decrease in exchange inflow from noncustododial wallet and also increase in exchange outflow into wallets, this resulted to bull run three consecutive times now that I know of.
Funny enough, I have also used this to predict the next momentum of the Bitcoin market but to get the maximum result I will advise including the level of mining difficulty and some news that will influence the market.
853  Economy / Economics / Re: Why would people ever use bitcoin if its expected to always go up? on: August 13, 2021, 09:27:54 PM
People use their Bitcoin in different ways, some see it as an asset more than using it as a currency but the general consensus of bitcoin is never the price to always appreciate and the last time I check no currency, asset or commodity whatsoever will ever surge in price. Besides, the volatile nature of the market won't allow that.

Each of us has their own kind of reasons why they keep on using their bitcoin in their transactions rather keep it on hold for a long term and that's fair enough because we don't know their reason. But for me in my case I keep on using my crypto asset even I say that it is expected to go up because it has a more value what I mean is using a single token but with a huge market value is enough to transact and sometimes we may feel satisfied whenever we take gained from our hardships.
well making a transaction using crypto is something especially bitcoin,  back in the days when i used to buy a cdkey.. i often spent more than 0.1 bitcoin in daily basis,  guess its really fun to look back and compare with the current price,  damn yeah $4,600 daily and overall 15 days consecutively equals to around $70,000!

crazy but a fun way tho, given the fact that there is a lot of altcoins with much less transaction fees, i swithched to altcoins as a payment crypto currency.
If good to switch to altcoin as payment cryptocurrency if we're to think of the benefits of Bitcoin in the future but if it is because of the transaction fee, Bitcoin tx fees are still fair these days.
However, all you guys said is off-topic cause what the OP asks is why we use BTC if the price was to go up which I believe if we want BTC to be mainstream of payment people also need to use it for payment.
854  Economy / Trading Discussion / Re: Trading is not a Game . on: August 13, 2021, 09:10:07 PM
Trading is not a game or gamble It's a part of Business.
Trading is game which some people in other words says it gamble though it a business but if you check the level of risk, the fundamental facet of it, it somehow correlated with gambling and this is the reason why some people consider it to be like another form of gambling.

Trading depends on how much you have money or how much deposit for trading. Patience is more important for trading. So make a plan and choose valuable coin and buy to get profit in future!
Trading does not depend on money or the value of crypto deposited but it only depends on the level of knowledge with patience.
855  Economy / Reputation / Re: Red Trust Signature Campaign on: August 13, 2021, 08:48:15 PM
It is certain that those that participated in the red trust campaign as said by the OP do it with their throw away account cause no one will dare join a scam site campaign just for some token and have his account tagged.

I look deep into this issue and I believe 1xbit successful having their signature campaign on this forum was the reason why Betking joins the train and as said by the high ranked members, this forum doesn't moderate scam so there's nothing we can do about than to make newbies aware of the penalty that involved in joining this kind of project campaign.
856  Economy / Economics / Re: Is Bitcoin losing its purpose? on: August 12, 2021, 10:08:39 PM
serve as a universal currency
Bitcoin was not created to serve as a universal currency, it was created as an alternative currency that will make people's financial freedom.

the EU’s plans to track all bitcoin transactions and ban anonymous wallets, the massive momentum CBDCs are gaining worldwide as countries responsible for 90% of the world’s GDP research and trial them — it is clear we are on the cusp of something unprecedented.
It is not possible for any government to track all Bitcoin transactions and ban every anonymous wallet, if they do a new alternative will always be introduced and I once read that the ETH dev is also planning to create a tumbling service.


If Bitcoin is KYC, DeFi coins have no hope of replacing the traditional banking system and CBDCs are everywhere, why use Bitcoin at all?
Ask yourself who's going to KYC Bitcoin when it is decentralized? They can only KYC/AML exchange and others payment sites. DeFi coins are the future of finance and they don't hype or hope before they can stay true to their mission.
857  Economy / Economics / Re: "Crypto is no longer in the early adoption stage" on: August 12, 2021, 09:11:54 PM
I think we’re already past the stage of crypto early adoption,” Stonberg told Cointelegraph adding:
I think Stonberg should have said the crypto market has passed the stage of early adoption, not cryptocurrency because there is some innovative crypto project which is yet to be introduced or created.

Crypto has now gone mainstream. We have double-digit percentage adoption in both developed and developing countries.
If we calculate the total number of the world population and the number of crypto users/investors, I don't think we should say crypto has gone mainstream. Besides, there's no genuine plan or wallet created for the elders and blind crypto enthusiast

We even have Bitcoin adopted as legal tender in a country and many other countries are considering adopting Bitcoin as legal tender.”
It is good that countries like El Salvador make this decision.

Bitcoin has also become a very common investment, as a number of large companies such as Microstrategy have invested in these assets.
Thanks to the pandemic that shows the world the potentials of Bitcoin and Kiyosaki for wooing institutions that crypto is the best alternative.
858  Economy / Economics / Re: Why would people ever use bitcoin if its expected to always go up? on: August 12, 2021, 08:48:02 PM
I couldn't put the full title in the subject line due to character restrictions, but here is the full question:
If bitcoin was fully adopted into everyday life, why would it ever be used for day-to-day transactions if the general consensus was that the price would always appreciate?
People use their Bitcoin in different ways, some see it as an asset more than using it as a currency but the general consensus of bitcoin is never the price to always appreciate and the last time I check no currency, asset or commodity whatsoever will ever surge in price. Besides, the volatile nature of the market won't allow that.
859  Bitcoin / Bitcoin Discussion / Re: About the popularity of Bitcoin on: August 12, 2021, 08:10:58 PM
 With the increasing popularity of Bitcoin, what do you think will happen to blind and childless elderly people?
I did some search about what you said and there was a time when some group worked on getting Bitcoin's original white paper written in Braille for blind people and there's also a time when an icywallet was developed. The wallet was said to make Bitcoin accessible to the elder and blind Bitcoin enthusiast but the project seems died now.
I think crypto Dev need to pay more attention in creating a speech to text wallet that will make the elders and blind people use crypto.
860  Other / Beginners & Help / Re: Riddles and Brain-Teasers for Bitcointalk Members (Newbies – Members) on: August 11, 2021, 11:00:21 PM
Riddle #10
Why is that happening, and what is Pete doing wrong?
What happens is that Pete makes the mistake of choosing the wrong derivation path of BIP44 which is non-bech addresses but he supposes to choose BIP84 instead of BIP44.

Can you help Pete restore the correct wallet?
Yes, he can. He just need to start over again by creating a new wallet using the same private keys by selecting the right derivation path
 
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