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Bitcoin / Bitcoin Discussion / Re: Where to store your keys?
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on: December 23, 2021, 05:59:37 PM
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Storing keys is the major problems faced by everyone nowadays.
Every one says to store them at a safe but where actually the safe place lies? The safe place is actually safe until someone gets access to it .
I think keys must be stored in the word or Excel files and then these files must be stored in different places which must be more than one. So in case if you lose keys from one device then a copy of these must be lying somewhere else safe and sound....
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11
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Bitcoin / Bitcoin Discussion / Re: They say hardware wallets are the safest
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on: December 23, 2021, 05:54:11 PM
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Hardware wallet is safe as it it's not accessible to the hackers because of no connectivity to the internet. Sono one can steal your until he or she gets your hardware wallet.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.
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12
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Bitcoin / Bitcoin Discussion / Re: Twitter and Square CEO Jack Dorsey running his own Bitcoin node
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on: December 23, 2021, 05:38:54 PM
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Well they are investing to run a different project which is quite different from Twitter and square CEO. This is a risk because people are already familiar with the bitcoin they are using so the chance of their getting attracted towards bitcoin node are lesser but as the investors are well-known and reliable for everyone so there are a little bit chances that they may be giving give aways to make it familiar to everyone.
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13
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Bitcoin / Bitcoin Discussion / Re: A supermarket in Mexico now allows Bitcoin payments for all their items
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on: December 23, 2021, 05:32:43 PM
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Well I think if they are not allowing any payments through bitcoin then it might be possible that they are having their own crypto coin.
They might be using this strategy to popularize their currency among their customers. In this way the customers would buy that currency and would be able to purchase different items from the store.
This could be a great trick but it could also harm their sale if people started going to other store.
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14
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Bitcoin / Bitcoin Discussion / Re: Best Way to Carry Your Seed When Traveling Or Moving Abroad?
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on: December 23, 2021, 04:26:22 PM
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Well the seed phrase is something you need to keep safe as it is the only way to get access to your account in case of forgotten password.
So keeping it safe is very important.
While moving to abroad we need to keep it by ourselves. But how to keep it is the actual problem.
Well I think keeping it online is not safe but making a word file of it and keeping it encrypted in your smartphone is the best option.
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15
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Bitcoin / Bitcoin Discussion / Re: When and how did you discover Bitcoin?
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on: December 23, 2021, 04:11:20 PM
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Well I think it's more than two years ago, one of my friends told me that he is earning through internet. At that time I didn't even get it but when he explained it to me and even I by myself experienced it.
I just came to discover bitcoin.
Then I started working on it and tried to discover more and more about it. Uptill now I have discovered a lot of things about it and now I am able to tell others that what actually bitcoin is.
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16
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Bitcoin / Bitcoin Discussion / Re: Earning interest on bitcoin without giving up your keys
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on: December 23, 2021, 04:05:52 PM
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I don't even get it that how this is possible.
I mean it's possible that you might give your bitcoin to anyone so that they could earn from it by investing it and would be able to gain profit from it. In this way the coins are safe at their place if the person you are giving it to is reliable and you are in profit.
But as they are saying it as I cannot understand what would be the strategy they would be using for it.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do you invest in new projects?
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on: December 21, 2021, 04:55:07 PM
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Investing in new projects is still risky for me but risk can be proved good sometimes. First of all before investing properly investigate about the project. Investigate about each and everything that who are the investors. On which block chain it has been listed?
Who are the sponsors of this project ?
Whether the project is valuable in the future or not?
After doing all the investigation make an investment of the desirable amount.
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Bitcoin / Bitcoin Discussion / Re: Why Do Young Investors Prefer Cryptocurrencies?
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on: December 21, 2021, 04:24:06 PM
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Young investors mostly prefer anything that is related to digital technology and this technology is the most convenient technology which is accessible to everyone through their smartphones so they prefer it because they can access it by staying at their homes even during the lock down conditions.
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Bitcoin / Bitcoin Discussion / Re: How to explain Bitcoin to Newbies
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on: December 21, 2021, 04:16:10 PM
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Explaining bitcoin to a newbie is really a difficult task because those persons even don't know the basics of the crypto currency.
We have to tell them about each and every thing. We need a lot of time to explain them and after explaining it to them we also have to be with them during their whole working until they become experienced.
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Is This SHIB Giveaway Genuine?
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on: December 20, 2021, 06:11:50 PM
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This is a scam which tries to get money from people and in this way they make them fool.
try to avoid these types of giveaways in which first you have to deposit something before getting the coins and specially when the deposit amount is too large as such in this case it's 0.5 Eth. No ones wants to lose 0.5 Eth.
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